- Amended statement regarding change in majority of directors pursuant to Rule 14f-1 (SC 14F1/A)
09 Enero 2009 - 2:21PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 14F-1/A
INFORMATION STATEMENT PURSUANT TO
SECTION 14(F) OF THE SECURITIES EXCHANGE ACT OF 1934
AND RULE 14F-1 THEREUNDER
(Amendment No. 1)
DATASCOPE CORP.
(Exact name of registrant as specified in its charter)
0-6516
(Commission File Number)
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Delaware
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13-2529596
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(State or other jurisdiction
of incorporation)
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(IRS Employer
Identification No.)
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14 Philips Parkway
Montvale, New Jersey 07645-9998
(Address of principal executive offices and zip code)
(201) 391-8100
(Registrants telephone number, including area code):
DATASCOPE CORP.
14 Philips Parkway
Montvale, New Jersey 07645
(201) 391-8100
INFORMATION STATEMENT PURSUANT TO SECTION 14(F) OF
THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 14F-1 THEREUNDER
AMENDMENT ON SCHEDULE 14F-1/A
This Amendment No. 1 on Schedule 14F-1/A (this
First Amendment
) amends the Schedule 14F-1
originally filed by Datascope Corp. (
Datascope
or the
Company
) with the
Securities and Exchange Commission on October 24, 2008 (the
Original Schedule 14F-1
) with respect
to certain information regarding the compensation of Lawrence Saper, the Companys Chairman of the
Board of Directors and Chief Executive Officer, and the Companys directors. Except as otherwise
indicated, the information set forth in the Original Schedule 14F-1 remains unchanged. Capitalized terms
used but not defined herein have the meanings ascribed to them in the Original Schedule 14F-1.
You are urged to read this First Amendment carefully. You are not, however, required to take
any action in connection with this First Amendment. We are not soliciting proxies in connection
with the items described in this First Amendment.
Payments to the Chief Executive Officer
Datascope, Getinge AB (
Getinge
) and Mr. Saper entered into an agreement on December 31, 2008 (the
Agreement and Release
), which continues Mr. Sapers employment under his amended and restated
employment agreement, dated as of December 31, 2008 (the
Amended Agreement
), through the
consummation of the Merger. The Agreement and Release provides that, upon the consummation of the
Merger, Mr. Saper will receive a lump sum payment of $26,475,000 (the
Payment
) in satisfaction of
all of Datascopes obligations to Mr. Saper, other than with respect to certain items, including
those described hereafter. The Agreement and Release also provides that Mr. Saper is entitled to
receive a pro-rata portion of his target bonus for the year in which the Merger is consummated,
based on the number of days that have elapsed during such year through the consummation of the
Merger. Following the consummation of the Merger, Mr. Saper will continue to be entitled to his
retirement benefits under the Companys 401(k) savings plan and tax-qualified defined benefit
pension plan and Mr. Saper and his spouse will also be entitled to receive under the Agreement and
Release the same post-termination health and medical benefits that they are entitled to receive
under the Amended Agreement. Mr. Sapers rights to indemnification under Datascopes bylaws,
certificate of incorporation and other organizational documents, his indemnification agreement with
Datascope, dated as of August 26, 2003, and Section 5.8 of the Merger Agreement will also continue
following the consummation of the Merger. Mr. Saper will also continue to be entitled to coverage
under Datascopes officers and directors liability insurance policy, as provided
under Section 5.8 of the Merger Agreement. Mr. Sapers receipt of the Payment is subject to his
execution of a release of claims in favor of Datascope relating to his employment with Datascope.
Getinge has guaranteed the payment of Datascopes obligations under the Agreement and Release.
Non-Employee Director Compensation
The first two paragraphs of the section titled Non-Employee Director Compensation in the Original Schedule 14F-1 are hereby amended and restated in its entirety as follows:
Datascopes current non-employee director compensation program became effective on July 1,
2006. Effective January 1, 2007, the annual retainer for each non-employee director of Datascope
was increased to $25,000. Payment of the annual cash retainer occurs on the tenth business day
after the end of the calendar year in which such fee was earned. A director may elect to receive
deferred shares or restricted shares pursuant to the 2005 Equity Incentive Plan in lieu of the
annual cash retainer, and such deferred or restricted shares are granted on January 1 of the
calendar year in which the retainer fee is earned. The first awards pursuant to such elections were
granted on January 1, 2007 in lieu of annual retainer fees for the 2007 calendar year. If elected,
deferred shares vest pro-rata on a daily basis over the 365 day period following the grant date,
becoming fully vested on the first anniversary of the grant date, and are paid either on the first
business day on or after an anniversary of the grant date or on the first business day of the
calendar year following the directors termination of service as a director, at the election of the
director. Restricted shares vest in monthly installments over the twelve-month period following the
grant date, becoming fully vested on the first anniversary of the grant date.
Beginning January 1, 2007, each non-employee director also receives an equity grant on January
1 of each calendar year equal to the number of deferred shares or restricted shares, at the
directors election, that could have been purchased with $70,000 based on the fair market value of
a share of Datascope common stock on the grant date. Each such grant of deferred shares or
restricted shares will vest on the one year anniversary of the grant date or, if earlier, upon a
change in control of Datascope, or the retirement, death or disability of the director. If
elected, deferred shares are paid either on the first business day on or after an anniversary of
the grant date or on the first business day of the calendar year following the directors
termination of service as a director, at the election of the director.
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